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in Business Loans from Dealstruck
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Where does Dealstruck do business?
Dealstruck is a business financing offering by Dealstruck, a marketplace lender based in Carlsbad, CA. Founded in 0, Dealstruck offers access to business loans in 50 states (and Washington, DC).
What are Dealstruck’s rates?
Dealstruck offers a fixed APR business financing product that ranges from 9.99% APR up to 27.99% APR.
Does Dealstruck charge an origination fee?
Yes, Dealstruck charges a loan origination fee starting at 0% of the loan amount. Dealstruck deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
What limitations does Dealstruck set on the purpose of the loan?
Dealstruck considers loan applications for business purposes, such as:
- Equipment Purchase
- Lease Improvement
- New Location
- Product or Service Expansion
- Working capital
What types of business loans does Dealstruck offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Dealstruck provides access to the following business loan types:
- Unsecured term loans
- Secured Term Loans
- Lines of Credit
Does Dealstruck charge prepayment fees?Yes, Dealstruck charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
How much can you borrow from Dealstruck?
Loan amounts start at $5,000 and go up to $500,000.
What is the maximum loan term you can get with Dealstruck?
Dealstruck offers business loans with terms ranging from 12 to 48 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for Dealstruck?
Dealstruck requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $150,000 to be considered.
Applicants with a credit score of at least 600 and up to 850 are eligible for Dealstruck.
Dealstruck does not have or does not disclose a minimum annual income eligibility requirement. Dealstruck only considers borrowers who are employed.
What is the estimated funding time for a business loan via Dealstruck?
Dealstruck can approve (or deny) a loan application within 48 hours and fund business loans within 5 business days of approval.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Origination Fee||Starting at 0%|
|Credit Score Range||
600 - 850
|Employment Statuses Considered||
|Minimum Months in Business||12|
|Loan Amount||$5K - $500K|
|Loan Term||12 - 48 months|
|APR (Fixed APR)||9.99% - 27.99%|